Foundation of California State University Monterey Bay

Analysis

Foundation of California State University Monterey Bay is a registered charity in United States, based in Seaside, CA. It received its IRS tax-exemption ruling in April 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Foundation of California State University Monterey Bay reported income of $7.9m and spending of $2.4m, leaving 69% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.8m to $7.9m (+107%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 87%. Over the whole period it spent 33% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation of California State University Monterey Bay sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include North Bennet Street School ($7.9m), Bacone Baptist Church ($7.9m) and Hoboken Dual Language Charter School a New Jersey Non-Profit Cor ($7.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 72% of the total. At year end it held assets of $46.2m against liabilities of $62k, net assets of $46.2m.